outsider directors with a stake: the linchpin in improving governance

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In this 2000 study, Don Hambrick and Eric Jackson discover that most commonly prescribed corporate governance structural prescriptions have no relation to long-term increases in total shareholder returns -- except for boards who have a large number of outside directors who have purchased meaningful stakes of equity in the companies out of their own pockets.

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Page 1: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 2: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 3: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 4: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 5: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 6: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 7: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 8: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 9: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 10: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 11: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 12: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 13: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 14: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 15: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 16: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 17: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 18: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 19: Outsider Directors with a Stake: The Linchpin in Improving Governance

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Page 20: Outsider Directors with a Stake: The Linchpin in Improving Governance

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.